Everyone interested in American politics is reading tea leaves these days trying to figure out what changes the Democrats will bring to Washington in January. In the green car legislation part of the spectrum, we've noted that incoming House leader Nancy Pelosi may fight against tax breaks for Big Oil, Rep. John Dingell's opposition to raising CAFE standards, and presidential runner Tom Vilsack's support for doubling those standards. There's lots of food for thought out there.
Renewable Energy Access
From soy we can produce about 50 gallons of biodiesel per acre whereas peanuts can yield as much as 123 gallons on the same amount of land. So why then does the U.S. generate the majority of its biodiesel from soy? The answer lies within the value of peanut oil on the global market. It's more valuable than soy which makes the conversion to biodiesel an unattractive option.
The European Parliament and the European Commission are at odds on the issue of renewable energy (of all types, not just that that can power alternative energy vehicles). The main debate is over funding for non-nuclear renewable energy sources like wind and solar. Groups within the Parliament are charging the Commission with ignoring the Parliament's decision to increase the research budget for renewable energy and energy efficiency. The Parliament voted in mid-June to two-thirds or the non-nucl
Connecticut Governor M. Jodi Rell dedicated her state's first biodiesel plant on Wednesday, two days after announcing her proposals to relieve consumers' high energy costs. The nationwide heat wave caused an increase in energy demand in Connecticut (and many other places, including record-breaking demand in California). Rell said she wanted create subsidies for farmers who grow ethanol crops, offer a financing package to get more ethanol plants in operation and change all sorts of gasoline taxes
New Holland, manufacturer of large-scale agricultural and construction equipment, is the first American original equipment manufacturer to "announce full support of the use of 20 percent biodiesel (B20) in all the diesel engines that it produces", according to a release on Renewable Energy Access.
After last year's sold-out conference in Chicago, Platts is announcing its second annual Biodiesel Investor Conference. The conference will take place in Houston June 28 and 29 at the Marriott West Loop. Platts says the conference will focus on these main issues in the large-scale biodiesel producer world:
One part of last year's Energy Policy Act is now a reality in the form of an exciting new IRS tax form, Form 8911. The "Alternative Fuel Vehicle Refueling Property Credit" offers the first federal income tax credit to organizations that install E85 fueling systems. The tax credit is good for a 30 percent federal income tax credit and can be worth up to $30,000 per property, according to Renewable Energy Access.
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